Services

Property Condition Assessments (PCA) Comply with ASTM 2018-15

Property Condition Assessment is an evaluation of the physical aspects of commercial real estate and how the existing condition may affect the soundness of the clients (lender/owner/investor) financial decisions over time. Construction Insight will also provide an evaluation of deferred maintenance as well as tables for expected capital expenses for the specified term.

Prior to loan closure, a comprehensive review of construction documents provides a means of validation and risk reduction for the lender that the project is accurately estimated and can be constructed within the proposed budget and schedule. Construction Insight will review construction drawings, specifications, budget cost review, contractor qualifications, construction schedule, geotechnical reports, environmental phase I Assessment, utility verification letters and zoning & permitting requirements.

Construction Insight performs periodic site inspections of ongoing construction projects to ensure each project complies with the loan documents and project specifications. As part of the site inspection process, we also evaluate construction progress and certify that development has been achieved to the point indicated on the Application for Payment issued by the general contractor.

Our comprehensive reports provide the lender with a clear understanding of the construction project’s progress. The reports can then be used by lenders to assist in the administration of disbursing funds from the construction loan with confidence. All our reports can be customized to suit specific needs.